ILS27R what i mean is that this student loan the rate of interest to pay back on it is in line with 2% per annum approx...(rate of inflation)and we dont have to pay it back till you earn over i think it has gone to 15000 per annum when you have a job after graduation.
now i am putting it in an isa or equivalent so when i have it all at the end of me degree i dont pay anything back as i wont be working ill still be training for my integarted course. only then will i start too pay it back
just for an example my brother took out 3800 last year and he got a letter saying for the year 2000-01 he owes 148 pounds in interest on that 3800.now ill be making a lot more form putting my money in an isa to cover the interest and make a bit more for myself.
i know its a loan but while its in my possesion its MINE. . <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0">